Stock Track | California Resources Soars 5.37% in Pre-Market on Strong Earnings, Record Free Cash Flow and Bullish 2026 Outlook

Stock Track
Mar 02

California Resources Corporation's stock surged 5.37% in pre-market trading following the release of its fourth quarter and full-year 2025 financial results, which highlighted the company's strongest annual free cash flow since 2021 and provided a robust production growth outlook for 2026.

The energy company reported full-year 2025 free cash flow of $543 million, marking its highest annual level in four years. CRC also achieved a 25% year-over-year increase in average net production, reaching 138 thousand barrels of oil equivalent per day. For 2026, the company is targeting approximately 12% production growth, averaging 152-157 MBoe/d, supported by four operated drilling rigs and the receipt of new drilling permits necessary for its capital program.

Additional positive catalysts included progress on the company's carbon management initiatives, with its Carbon TerraVault subsidiary targeting first CO2 injection at the Elk Hills storage reservoir in spring 2026. The company also expects to realize $80-$90 million of merger-related synergies from its recent combination with Berry Corporation within 12 months of closing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10